Eicher Motors Q2 Review — Pickup In Export Momentum: IDBI Capital
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IDBI Capital Report
Eicher Motors Ltd.'s Q2 FY22 results were ahead our expectations primarily on account of sharper rise in average realisations and improvement in Ebitda margins.
The company expressed high optimism on export market front and sounded positive growth outlook in domestic market despite. Eicher Motors has received very encouraging response to its newly launched Classic 350 towards new bookings.
In export market, the company dispatched ~40,000 units in H1 FY22 which is way higher compared to FY19 full year volumes.
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